Lee Ginsburg

Is a Condo the Right Choice?
September 14, 2009 · · 4 Comments

 I recently showed a condominium in Redwood Shores to a young couple that was considering single family homes under $490,000.  They grew up in a middle-upper class neighborhood and wanted to own in the same type. Most homes under $490,000 in San Bruno, San Mateo, Redwood City, South San Francisco were run down and needed some work.   My clients made several offers on short sales and were overbid on at least 5 REO offers. I was concerned with the necessary work since they did not have much money in reserve.  I did not want them to start something and not be able to finish it like many of the homes we were looking at.

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They were not looking forward to doing yard work so I convinced them to look at condominiums. They were hesitant because of HOA fees but I explained the costs of ownership over a period of time were basically the same as of single family homes or.  
http://www.pruvoices.com/2008/10/hoa-dues-junk-fees-or-good-budgeting/ 

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